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20121201
20121231
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Search Results 0 to 17 of about 18 (some duplicates have been removed)
to be for the rising movie industry. cet will head out to washington as president obama is pushing forward his tax for the wealthy agenda. george osbourne is going to update today. the chancellor will have his work cut out to meet his target of eradicating the federal deficit by 2015 as well as securing a fall to gdp ratio. also expected further pressure with a cut to its growth forecast. steve is braving rather inclement british winter weather outside the houses of parliament. >> lovely. >> i know you like it. how much is it going to be raining on george osbourne's parade? >> it's going to rain on his parade. you just nailed it, ross. three things which are going to come up today, which he has very little control over. one is that obr reckoning on the uk economy. thought only back in march it was going to grow -- pain a negative growth for the year. next year they thought it was going to be 2% growth. it's probably only going to be 1%. in terms of those two targets you mentioned, eradicating the structural deficit in a five-year period, that's going to have another couple of years. >> right. now,
on the poor. there's an article in today's -- in "the washington post" on december 19, job boehner's plan b would raise taxes on the poor. really? i mean, is that how you're going to balance the budget? by sticking it to people who already are in vulnerable times? this is wrong. my friends talk about the debt, the deficit, but what they don't talk about is that we have fought two wars, in iraq and afghanistan, and we haven't paid for it. all on our credit card. we send our young men and women into harm's way and we ask them and their families to sacrifice and we do nothing. we just put the bill on our credit card. a few months ago the chairman of the budget committee, mr. ryan, says about $1.3 trillion, i think he's low-balling it, but $1.3 trillion on our debt and nobody over there says a word. they all go after programs like social security and medicare and food stamps. so, mr. speaker, i ask that we defeat the previous question and if we defeat the previous question i will offer an amendment to this rule to make in order an amendment which will allow the house to have a chance to vote on
money? >> yes, i believe so. >> reporter: john donovan, abc news, washington. >> money again the issue. so as we go through the next couple of days, all this talk about taxes and budget cuts, you would hope they say let's not cut from whatever pot of money goes towards mental health services. we'll see how it plays out in d.c. >> that's going to bring us so our facebook question of the day. we've been asking your advice as they discuss the gun control laws. >> jennifer says, it's not about gun control. it's about getting a country to embrace valuable character traits and practice them. >> paul is straightforward in saying, deterrence is the answer. >> and calling it a complex issue, lisa says congress needs to be the public servants they purport to be by banning assault weapons and high capacity magazines and increasing the mental health treatment safety. and the conversation we've seen since friday, whatever is going to happen, we don't know what will happen, but it's going to be somewhere where gun control meets mental health. >> the last two massacres we had, this one in newtown and
-dollar may struggle to break higher and definitely to break lieuthrough 1.31. >> adam, you're in washington. how do you view fiscal cliff discussions? >> i was pretty optimistic until about three days ago. my sense was republicans had lost enough ground, they wanted to get a new deal before they got weaker. they admitted that there has to be some revenue. meanwhile the obama team led by secretary geithner are comfortable with at least 2:1 what they would call entitlement cuts. so there was a lot of ground for a deal. unfortunately, i think the threats from some democratic leaders that maybe it's okay to go over the fiscal cliff, i'm worried some actually believe that and that's one thing that scares me. i think there's a deal on the table, get a few years deal, it's only if -- obviously the republican caucus could do something stupid, but owes otherwise my main word is the dems decide they want to play for a long term deal that it all has to be resolved right now and it's worth the risk and i don't think it's worth the risk. >> adam, always good to see you. thank you very much indeed. we mo
's going on. we've conveyed very frankly, candidly to the chinese in both washington d.c. and beijing in my case. >> in beijing, what is the view that you can tell of kim jong-un about what power he has, who he is, what its capabilities are to stay in north korea? >> the chinese believe we need to give north korea a chance in and develop economically. china would like all the parties that are part of the six party talks to get back to the table and to see if we can't encourage better behavior from north korea as opposed to imposing sanctions now and trying to coerce north korea into the fold and abiding by their international obligations. so that's a difference of opinion as strategy. china believes we have to engage with north korea. the united states does every time to try to engage with north korea, they basically turned around and fail to respond to their promises and live up to promises and it gets us nowhere. we don't believe we should reward bad behavior. he knocked what is the most important thing the chinese leaders want from you everyday? what are they looking for? >> they want gr
, everybody. we're going to move to other news. daniel inouye is being remembered from washington to his home state of hawaii. he was a world war ii medal of honor winner who lost an arm to a german hand grenade in italy. he became the first japanese american in congress and served 50 years in the u.s. senate. his death was announced by harry reid. >> the kindness that he has shown me for me time here in the senate has been something i will cherish always. a man who has lived and breathed the senate. he was that patriot. >> very kind words. president obama also a native of hawaii tweeted aloha yesterday. he died yesterday at 88 years old. >>> there is progress in talks on the fiscal cliff, but major sticking points still remain with just two weeks to go. a top republican says there is disagreement over spending cuts versus new taxes and until that could be worked out, there won't be any talks about the specific details. and wall street closed higher over signs of the talks. the dow jones rose 100 points for its biggest gain of the month. early markets overseas also higher because of capitol h
cliff talks. but he stands firm on the debt ceiling. >>> hopes for a deal in washington are pushing european shares near their highest of the year. and sweeten's bank cuts its key interest rate warning of eurozone woes. >>> a federal judge has denied samsung's injunction for a permanent injunction. it's not a total victory for samsung. the judge rejected the company's motion for a new trial based on the thought that the jury foreman was bias on apple. however, ceo jeff immelt says the fiscal cliff in washington has hurt demand in recent months. >>> and meredith whitney says it's time to buy bank. the independent research analyst has upgraded citigroup, bofa and discover financial as muches from hold to buy. ms. whitney told cnbc that the outcome of stress tests by the fed is one of the factors behind the move. she's not the only one to upgrade her move. rbc has hiked its price targets from $49 to $50. earlier we asked you if meredith whitney was trite to upgrade to banks or a little later. bac tops $11 and is up 98% year-to-date. and bahad tweets meredith whitney is now bullish at $
don't rule out total ly washington coming to its senses, but i have to say at the moment that the odds look rather against it. but there is still another option which people are not considering at the moment, and that is that we get a deal before the 12th congress wraps up on the 3rd of january, but after the 1i of january. the bush tax cuts expire and then the house republicans, who are in my view the real source of the problem here, we saw what happened last week when boehner tried to push something through. the house republicans want to cut taxes rather than raising taxes. but frankly, i think this is going to the 113th congress from where we are today the. do you think we're going to feel it on the real economy in the first quarter? are we going to see this slight cautiousness feeding through in how -- >> well, first of all, we are seeing it on the u.s. economy already. there's no question about that. it has happened a distinct impact on corporate america's willingness to invest over the past several months, some say over the past year. that's likely to continue. even if we get a d
on vacation. washington lawmakers are on holiday. there's still no deal to avoid the fiscal cliff. the deadline is a week away. hampton pearson is in washington on the stalemate. >> as early as the day after christmas, congress and the white house will have to start to deal with what president obama called the real consequences of going over that fiscal cliff. >> nobody can get 100% of what they want. and this is not simply a contest between parties in terms of who looks good and who doesn't. there are real world consequences to what we do here. >> a short-term deal won't just focus on tax rates. the end of the payroll tax cut and the impact of the hike in the minimum tax on january 1st. over the weekend, we did hear from some republican moderates who say it may in fact be time to make some kind of a move. >> the president's statement is right, no one wants taxes to go up on the middle class. i don't want them to go up on anybody. but i'm not in the majority in the united states senate and he's the president of the united states. >> now the focus shifted to mitch mcconnell. the se
in washington, including secretary of defense leon panetta and president barack obama who in a statement said he gave his life for his fellow americans and he and his teammates remind us once more of the selfless service that allows our nation to stay strong, safe and free. the american navy s.e.a.l. sacrifice has not been lost on dr. joseph's family who, in a statement released their condolences. >> atia abawi in kabul, thank you. >>> the deejays who have made that prank call to the hospital where the duchess of cambridge had been staying have just learned that their show has been canceled after they made a public statement last night. >> reporter: since that interview, we learned that their show will be canceled and prank calls, like the one they made to this hospital, are being suspended by the radio station they work for. worldwide, the storm grows over kate middleton's nurse found dead last week. >> if we played any involvement in -- in her death, then we're very sorry for that. >> reporter: in tears today the australian deejays who made a prank call to kate's hospital, they have been subje
for him to return to washington. >> reporter: definitely. we expect that he will be heading back to washington, d.c. he was supposed to be here through the new year. i will tell you nothing is official on the schedule that he's definitely going back to d.c., but the sense you get from the white house is that it's more an issue of when and not if. if there is a bill that goes through the senate, the president will have to be there in order to perhaps twist some arms and certainly the optics are important. if we go over the fiscal cliff, suzanne, you've covered the white house. you know the president wouldn't be in hawaii while that happens. >> hopefully you can stay in hawaii, and but you knife to come back with him. we'll see. >> reporter: i think i'd be coming back. >> that's a shame. >>> it's a white christmas for some, and in some places it might be a problem. we're going to check the holiday forecast up next. >>> it's going to be a white and wild christmas in some places. this is stevens pass, washington. a stretch of highway he 2 was impassable because of heavy snow and wind
retirement benefits imaginable, they have come here to washington, d.c., to tell congress that we should cut social security benefits for disabled veterans, raise taxes on low-income workers. so let me just tell you what some call a tweak would do. in terms of the chained c.p.i., more than 3.2 million disabled veterans receive disability compensation from the veterans administration. 3.2 million veterans, they would see a reduction, a significant reduction in their benefits. under the chained c.p.i., a disabled veteran who started receiving v.a. disability benefits at age 30 would have their benefits cut by more than $1,400 at age 45, $2,300 at age 55 and $3,200 at age 65. does anybody in their right mind think that the american people want to see benefits cut for men and women who sacrificed, who lost limbs defending their country? are we going to balance the budget on their backs? i challenge anyone who supports a chained c.p.i. to go to walter reed hospital, visit with the men and women who have lost their legs, lost their arms, lost their eyesight as a result of their service in afghanis
if they don't do their job in washington. we're obviously concerned about it. if they deal with it, which we think they will. we think that next year should be pretty positive. >> meanwhile big party tonight? >> big party tonight, big party last night. >> that's what the city's all about. >> we'll be opening white plains in may, it will be a little warmer than it was up there last night. it's very exciting to see those hotels get done. 1,000 jobs for the city. >> you see at the bottom of your screen, nat gas inventory. >> listen natural gas prices are extending their gains from yet, after that 4% rally that we saw. we're looking at resistance perhaps around the 4.75 level. we saw a natural gas level that was certainly not what analysts were expectings. 65 billion cubic feet which is much greater than what the consensus was. that was between 64 and 68 million cubic feet. but it's also far greater than what we normally see this time of year. greater than last year's withdrawal. greater than the five-year average and it lets you know that we saw much cooler temperatures last week that certainly
into the playoffs. atlanta improved its n.f.c. best record at 12-2, washington is now atop the n.f.c. east. green bay clinched the n.f.c. north while minnesota remains in contention. for more sports news and information, simply go to cbssports.com. ith more? then don't get nickle and dimed by high cost investments and annoying account fees. at e-trade, our free easy-to-use online tools and experienced retirement specialists can help you build a personalized plan. and with our no annual fee iras and a wide range of low cost investments, you can execute the plan you want at a low cost. so meet with us, or go to etrade.com for a great retirement plan with low cost investments. ♪ ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. that was me... the day i learned i had to start insulin for my type 2 diabetes. me... thinking my only option was the vial and syringe dad used. and me... discovering once-daily levemir® flexpen. flexpen® is prefilled. doesn't need refrigeration for up to 42 days. no drawi
to the council on foreign relations in new york, duke says what's going on in washington could affect their holiday shopping plans. >> the week before the election, only 1/4, 25% of our core customers even knew what fiscal cliff meant. okay? one week after the election, it was up to 75%. now these same customers, 15% of our customers are telling us this discussion about fiscal cliff will affect what they spend on christmas. >> and most americans aren't close to finished with holiday shopping yet. giving retailers a hope for a big boost in the last few weeks beforesom christmas. 58% of those surveyed said they completed half or less of their holiday shopping so far. i've got a little guilt on that front. >>> joining us for more, global ceo of sanrio. welcome. waving to the world there. >> yes. >> happy holiday. >> wearing your brand, as well. >> happy holiday from mr. mann. >> we should point out that mr. men is a key part of your strategy which is changing, is it not? >> exactly. last year we started to did mergers. this is our first acquisition, international acquisition. >> which is
as washington welcomes a high-level chinese delegation led by the vice premier. his team is in the u.s. to talk trade and economy. he's expected to meet with u.s. treasury secretary tim geithner tomorrow. wang is the first official from the new leadership team to visit with the u.s. for more on the impact and implications of this, let's speak with frank ching, adjunct associate professor at the chinese university of hong kong. frank, hi. the first news that we're getting out of this appears to be more import duties s. this going to be the theme of u.s./china relations, or do you expect these meetings to be more of a thaw? >> well, i think that these are the first meetings since the new leadership in china was installed. and since president obama saw -- well, won second term. i think both sides want to make use of this occasion to improve their relationship. so this joint annual meeting is a platform, and i think that they will probably be able to achieve some progress on issues of concern to both sides. but i don't see any sweeping changes. >> what's interesting, frank, and you point this out,
, a ticking clock in washington. tend of the year fast approaching. still no deal to avert the fiscal cliff.
Search Results 0 to 17 of about 18 (some duplicates have been removed)